Ann: COG achieves 129% NPATA growth in Q1, page-26

SNC today

COG also provided a solid trading update, building on the positive full year results released a few months ago. Q1FY21 saw a 129%increase in net profit before amortisation. Although the amount financed was down by approximately 15% on the prior period, the result from the Finance Broking & Aggregation (FB&A) division was up strongly due to cost reductions instituted as the
pandemic took hold earlier in the year. We understand many of these costs savings are permanent and should lead to increased margins as loan volumes recover along with economic activity. SME business activity is reportedly strong in many sectors, especially those directly or indirectly exposed to government stimulus programs, viz infrastructure. We are pleased with this resultand look forward to further updates as the financial year evolves.